04.11.2010 - Price boom hits Switzerland
From Themovechannel.com: Cheap mortgages are driving up residential property prices in Switzerland to levels that are worrying many analysts. Average house prices in Switzerland have risen as much as 7% in the past year and by almost 11% around Lake Geneva, one of the country's hottest property markets where modest two bedroom apartments are selling at an average of a million francs, unaffordable for the majority of residents. Even unexceptional villas in the region are selling for more than two million francs and a similar situation has emerged in the Zurich area, analysts point out..............................................Full Article: Source
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